Peninsula hotel owner plans to expand residential investment overseas

Hongkong and Shanghai Hotels, which owns 10 Peninsula hotels around the world, plans to expand its overseas residential developments for sale in a bid to finance part of its hotel expansion and bolster revenue. The group aims to include residential developments in London, Yangon in Myanmar, and possibly Bangkok. “It helps the investment we have […]

DVB talks to Vikram Kumar, IFC

Vikram Kumar, the Resident Representative for the International Finance Corporation (IFC) in Myanmar, spoke to DVB Interview International’s Alex Bookbinder about IFC investments in Yoma Bank and Shangri-La hotels. The IFC, which is part of the World Bank Group, are financing several major infrastructure projects in Myanmar. One major investment is US$75 million in funds […]

Luxury hotel agreement signed for former MR headquarters

Hongkong and Shanghai Hotels Limited and Yoma Strategic Holdings Ltd.,have signed an agreement to convert the former Myanmar Railways headquarters in downtown Yangon into a luxury hotel, they announced in a joint news release. The shareholders’ agreement to restore the former MR headquarters on BogyokeAung San Road into a hotel to be called The Peninsula […]